2,000 Shares in Globe Life Inc. (NYSE:GL) Acquired by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY bought a new stake in shares of Globe Life Inc. (NYSE:GL) in the third quarter, Holdings Channel.com reports. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in Globe Life by 94.8% in the first quarter. Tidal Investments LLC now owns 7,163 shares of the company’s stock worth $834,000 after acquiring an additional 3,486 shares in the last quarter. Swedbank AB purchased a new stake in Globe Life during the 1st quarter worth approximately $452,000. Cetera Advisors LLC purchased a new stake in Globe Life during the 1st quarter worth approximately $412,000. GAMMA Investing LLC increased its stake in Globe Life by 13.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,513 shares of the company’s stock valued at $289,000 after purchasing an additional 427 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Globe Life by 282.5% in the second quarter. CWM LLC now owns 7,184 shares of the company’s stock worth $591,000 after buying an additional 5,306 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Globe Life Trading Down 0.4 %

Shares of NYSE:GL opened at $111.24 on Monday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.50. Globe Life Inc. has a 12-month low of $38.95 and a 12-month high of $132.00. The business has a 50 day moving average of $108.15 and a two-hundred day moving average of $96.56. The company has a market capitalization of $9.34 billion, a PE ratio of 9.41 and a beta of 0.81.

Globe Life (NYSE:GL) last posted its earnings results on Wednesday, October 23rd. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.43. Globe Life had a net margin of 19.04% and a return on equity of 22.91%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the business posted $2.71 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, analysts forecast that Globe Life Inc. will post 12.31 EPS for the current year.

Globe Life Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 8th will be issued a $0.24 dividend. The ex-dividend date is Monday, January 6th. This represents a $0.96 dividend on an annualized basis and a yield of 0.86%. Globe Life’s payout ratio is 8.12%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GL. Truist Financial upped their target price on Globe Life from $90.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Raymond James boosted their price target on Globe Life from $160.00 to $188.00 and gave the company a “strong-buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company raised their price objective on Globe Life from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. TD Cowen began coverage on Globe Life in a research report on Wednesday, October 9th. They issued a “buy” rating and a $150.00 target price on the stock. Finally, Morgan Stanley raised their price target on shares of Globe Life from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.50.

Globe Life Company Profile

Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.